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Java Games: Flashcards, matching, concentration, and word search. |
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Bella's Social Studies Test
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| economy | a system for distributing and consuming goods and services |
| distribution | moving goods and services directly to or near consumers |
| consumer | a person, company, or business that uses goods or services |
| producer | a person, company, or business that makes goods and provides services for the consumer |
| goods | things that consumers use and buy |
| services | actions or activities an individual, company, or business provides for someone else |
| production | the process of making goods and services |
| factors of production | the resources (human/labor, capital, and natural) used to produce goods and services |
| entrepreneur | one who takes risks, makes decisions, and organizes other productive resources to earn a profit |
| natural resources | productive resources that occur in nature |
| labor resources | the abilities, talents, training, skills, and knowledge of people used in the production of goods and services |
| capital resources | machinery, tools, factories, stores, vehicles, etc, made by humans that are used to produce goods or services. |
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Holland Woods Middle School |
| Port Huron, MI |
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